KCW

Contango and Inventory: Clues to Oil's Trend

Well its still 3 Billion Barrels worth of U.S. Dollars we don't have to send to the Middle East or
a Chavetic Venezuela. 2 Billion would great if the
Numbers are too optimistic. 2 Billion times $70+
a Barrel is alot of Money, even though the word
"Billion" has never gotten so much work as the last year.

I'm a Native Californian and I think we should drill off the Coast, but out of Sight of the Naked Eye.
If the Norwegians and British can drill safely in
the North Sea we can certainly do it in the "Calm Ocean". Throw a Dollar from every Barrel in the Social Security Fund so the benefit is widely shared.

Convert all Car and Truck Fleets to Natural Gas.
Over time it will become more practical for the
average driver to follow suit. Hybrids and Electric
also part of the Mix. So is smarter driving, i.e. not racing up to an "obviously" Red Light... which infuritates on a daily basis. Anyhew

As one Speaker on TV said at $40 a Barrel Putin and Chavez are Monkeys. At $90 Barrel they are Gorillas. He left out the Mullahs of Iran, pick your own animal analogy. :-)

We got to the Moon in 8 years starting from a place of "no idea" because we committed to it.
The Best Chance of Buying our Republic another 100 years is to stop exporting our Wealth for Energy, well that and educating our children better but thats another forum.

Remember $20 Oil? Looks Like It's Coming Back

The Oil Industry itself could keep prices up
by buying leveraged (10-1) Futures.

Personally, imho, $50 would be the sweet spot. Low enough to give the World's Consumers a break and high enough for continued Investment by all facets of the Energy Complex including Alternatives.

Is China About to Break Out?

If U.S. unemployment grows the things made in China won't be bought and the FXI will collapse. Anybody doubt that unemployment will grow, read the Company Notices. FXI for a trade maybe on false optimism, but for an investment, imho, its way too early. Wait for the bombs to go off and then take your chances.